Net Income (Loss) per Common Share

6 Months Ended

Mar. 28, 2023

Net Income (Loss) per Common Share [Abstract]

Net Income (Loss) per Common Share

Note 10.  Net Income (Loss) per Common Share

Our basic earnings per share calculation is computed based on the weighted-average number of common shares outstanding. Our diluted earnings per share calculation is computed based on the weighted-average number of common shares outstanding adjusted by the number of additional shares that would have been outstanding had the potentially dilutive common shares been issued. Potentially dilutive securities for this calculation consist of in-the-money outstanding stock options, restricted stock units and warrants (which were assumed to have been exercised at the average market price of the common shares during the reporting period). The treasury stock method is used to measure the dilutive impact of in-the-money stock options.

The following table reconciles basic weighted-average shares outstanding to diluted weighted-average shares outstanding:

	Quarter Ended				Year-to-Date
	March 28, 2023		March 29, 2022		March 28, 2023		March 29, 2022
Weighted-average shares outstanding basic		11,818,651		12,527,625		11,930,140		12,525,048
Effect of potentially dilutive securities:
Stock options		13,722		-		3,364		-
Restricted stock units		51,750		-		51,750		-
Weighted-average shares outstanding diluted		11,884,123		12,527,625		11,985,254		12,525,048
Excluded from diluted weighted average shares outstanding:
Antidilutive		372,575		406,515		385,908		386,101